Villas Del Zocalo Phase II

Multifamily

Dallas, TX

Funded

...

Overview

Villas Del Zocalo Phase II

On November 12, 2024, the Sponsor successfully closed on Villas Del Zocalo Phase II, a 192-unit, Class B garden-style multifamily property in Dallas, TX, securing a favorable fixed-rate loan at 4.95%. The Property was acquired at approximately $75,000 per unit, which is 17% below average market comparables on a per-unit basis.

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Details

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Estimated First Distribution 3/2025

Minimum Investment 35000

Estimated Hold Period 5 Years

Investment Strategy Value-Add

Investment Type Equity

Sponsor Documents

The offering documents above have been prepared and are being delivered by the Sponsor of this investment opportunity, and not by RM Securities, LLC. RM Securities, LLC and its associated persons did not assist in preparing, do not explicitly or implicitly adopt or endorse, and are not otherwise responsible for, the Sponsors offering documents posted below or any content therein.

Deal Highlights

Experienced Sponsor: Ashland Greene is a local DFW-based sponsor with 7,200+ total transacted units and over $1.2B in transaction volume. They currently own and operate 22 assets and 5,900+ units across the Dallas-Fort Worth Metroplex.

Value-Add Potential: Villas Del Zocalo Phase II consists entirely of classic units. The Sponsor plans to enhance revenue by renovating all unit interiors to platinum level, as well as updating exterior and property amenities, and addressing deferred maintenance, to achieve estimated rent premiums of $244/mo. The property next door (formally Villas Del Zocalo Phase III) is achieving $460 average rent premiums on upgraded units.

Well-Located in Dallas: The Property is easily accessible via I-35, Dallas North Tollway, and Highway 183 to major employment centers like Dallas Central Business District, Mid-Cities, and North Dallas Suburbs, including employers like UT Southwestern Medical Center, Southwest Airlines, the City of Dallas, and the Dallas Independent School District. It also has prime access to major attractions like Dallas Love Field Airport (4.8 mi away), Bachman Lake Park (1.7 mi away), Uptown Dallas (6.4 mi away), and Northpark Center (5.9 mi away).

High Growth Market: CBRE and Marcus & Millichap have selected Dallas-Fort Worth as the #1 Multifamily Investment Market in the country for 2024. DFW is the 4th largest metro area in the US and also the fastest-growing metro in the country, benefiting from a vibrant economy, diverse culture, and modern amenities.

6.75% Exit Cap Rate: The Sponsor intends to exit the investment at $157k price per unit and assuming a 6.75% exit cap rate, more conservative than the CoStar projections.

Vertically Integrated Owner/Operator: Ashland Greene's in-house construction management team will handle the complete renovation scope, including their 8-hour Occupied Renovation program. Their experienced property management team, AG Living, continues to deliver proactive management across the portfolio to drive occupancy and reduce loss-to-lease.

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Management

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Ashland Greene

Ashland Greene is a fully vertically integrated real estate investment firm dedicated to creating premier multifamily communities in Dallas-Ft. Worth, Texas. Under the Ashland Greene umbrella, the firm manages the complete investment cycle—from acquisition to asset management, financial and property management, construction, and final disposition—ensuring seamless operations and efficient execution. Ashland Greene focuses on submarkets with favorable demographics, income growth, and development trends. To date, the firm has completed over $1.2 billion in transactions, earned the trust of 1,700+ investors, and achieved an average 28% annualized return on its full-cycle deals.

Full Cycle Exits

Property Name	Year Built	Units	Projected Hold Period	CapEx Budget	Acq. Date	Sale Date	Actualized Hold Period	Actualized Avg. Annual Return	Actualized IRR
19Twenty Apartment Homes	1972	184	60 months	$500,000	01/2018	12/2021	47 months	25.76%	22.95%
Dylan Apartment Homes	1982	122	60 months	$600,000	08/2018	02/2022	32 months	21.99%	21.50%
Parkwyn Townhomes	1969	241	60 months	$1,500,000	03/2019	10/2022	42 months	30.60%	25.03$
Fiona Apartment Homes	1984	88	60 months	$1,300,000	12/2019	09/2022	33 months	19.60%	17.33%
Blakely Apartment Homes	1982	192	60 months	$2,400,000	12/2019	11/2022	36 months	23.33%	20.66%
Jaxon Luxury Apartments	1985	240	60 months	$3,000,000	01/2020	08/2022	30 months	49.61%	37.47%
					Averages		36.67 months	28.48%	24.15%

Property	Year Built	Units	Projected Hold Period	CapEx Budget	Acq. Date	Projected Avg. Annual Returns	Projected IRR
Lockhart Apartment Homes	1982	380	60 months	$4,500,000	12/2020	19.08%	15.96%
Emmitt Luxury Apartments	1980	402	60 months	$4,100,000	06/2021	18.99%	16.04%
Everson Luxury Apartments	2022	300	60 months	N/A	09/2021	23.85%	22.96%
Creekside Apartment Homes	1984	164	60 months	$1,800,000	10/2021	19.37%	16.45%
Wythe Apartment Homes	1985	248	60 months	$2,700,000	10/2021	19.37%	16.45%
Athena Apartment Homes	1985	288	60 months	$3,000,000	12/2021	19.13%	16.19%
Sagamore Apartment Homes	1982	400	60 months	$4,100,000	12/2021	19.13%	16.19%
Mateo Apartment Homes	1984	396	60 months	$7,300,000	01/2022	20.25%	16.68%
Hawke Apartment Homes	1983	320	60 months	$6,600,000	01/2022	20.25%	16.68%
Knowlton Apartment Homes	1983	412	60 months	$7,600,000	01/2022	20.25%	16.68%
Birch Apartment Homes	1985	402	60 months	$7,500,000	01/2022	20.25%	16.68%
Remi Apartment Homes	2017	255	60 months	$2,200,000	06/2022	20.20%	16.45%
Holbrook Apartment Homes	1986	464	60 months	$8,200,000	06/2022	20.20%	16.45%
Decker Apartment Homes	1986	216	60 months	$4,700,000	06/2022	20.20%	16.45%
Fiona Apartment Homes	1984	88	60 months	$1,300,000	09/2022	22.40%	17.79%
Barrett Apartment Homes	1981	200	60 months	$5,100,000	11/2022	19.69%	16.87%
The Preserve of Willow Park	2022	152	60 months	$650,000	12/2022	21.04%	16.73%
The Preserve of Gateway	2022	120	60 months	$425,000	12/2022	19.69%	16.87%
Cleo Luxury Apartments	2005	202	60 months	$5,000,000	08/2023	21.02%	15.82%
Ronan Apartment Homes	1984	240	60 months	$5,500,000	08/2023	21.02%	15.82%
Devi at Valley Ranch	1998	267	60 months	$6,782,235	11/2023	20.40%	16.03%
Larkin Apartment Homes	1999	240	60 months	$6,210,000	05/2024	19.42%	14.95%
The Park at Ashford	1984	144	60 months	$3,620,000	08/2024	20.01%	15.85%

The above bios and track record were provided by Ashland Greene and have not been independently verified by RealtyMogul.

Management Team

Comparables

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Lease Comparables

Property Name	Year Built	Floorplan	Sq. Ft.	$/Unit	$/SF	Finishes	Property Address
Studio
Spanish Breeze at Bachman Lake	1974	Studio	450	$1,230	$2.73	Platinum	3619 Bolivar Dr, Dallas, TX 75220
Maravilla Apartments	1967	Studio	450	$1,044	$2.32	Gold	2625 Community Dr, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	Studio	480	$1,050	$2.19	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Milo Apartments	1978	Studio	480	$990	$2.06	Platinum	9680 Timberline Dr, Dallas, TX 75220
Andora	1975	Studio	500	$1,359	$2.72	Platinum	305 Linda Dr, Dallas, TX 75220

Small 1 Bedroom
Villas Del Zocalo Phase II	1981	1x1	486	$1,150	$2.37	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Milo Apartments	1978	1x1	486	$1,180	$2.43	Platinum	9680 Timberline Dr, Dallas, TX 75220
Tides on Larga	1983	1x1	486	$1,343	$2.76	Platinum	3330 Webb Chapel Ext, Dallas, TX 75220
Spanish Breeze	1974	1x1	513	$1,355	$2.64	Platinum	3619 Bolivar Dr, Dallas, TX 75220
The Dahlia	1985	1x1	524	$1,226	$2.34	Platinum	3130 Webb Chapel Ext, Dallas, TX 75220
Tides on Larga	1983	1x1	528	$1,374	$2.60	Platinum	3330 Webb Chapel Ext, Dallas, TX 75220

Medium 1 Bedroom
Over the Rainbow	1987	1x1	548	$1,177	$2.15	Gold	3527 Bolivar Dr, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	1x1	558	$1,200	$2.15	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Tides on Larga	1983	1x1	558	$1,398	$2.51	Platinum	3330 Webb Chapel Ext, Dallas, TX 75220
Milo Apartments	1978	1x1	558	$1,195	$2.14	Platinum	9680 Timberline Dr, Dallas, TX 75220
Milo Apartments	1978	1x1	576	$1,217	$2.11	Platinum	9680 Timberline Dr, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	1x1	578	$1,225	$2.12	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Andora	1975	1x1	608	$1,428	$2.35	Platinum	305 Linda Dr, Dallas, TX 75220
The Waverly	1980	1x1	616	$1,310	$2.13	Platinum	2501 Webb Chapel Ext, Dallas, TX 75220

Large 1 Bedroom
The Dahlia	1985	1x1	625	$1,316	$2.11	Platinum	3130 Webb Chapel Ext, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	1x1	640	$1,300	$2.03	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Skye at Love	1983	1x1	665	$1,335	$2.01	Platinum	3535 Webb Chapel Ext, Dallas, TX 75220
The Waverly	1980	1x1	680	$1,365	$2.01	Platinum	2501 Webb Chapel Ext, Dallas, TX 75220
Skye Isle	1982	1x1	741	$1,610	$2.17	Platinum	3353 Lombardy Ln, Dallas, TX 75220

2 Bedrooms
The Waverly	1980	2x1	784	$1,260	$1.61	Platinum	2501 Webb Chapel Ext, Dallas, TX 75220
Tides on Larga	1983	2x1	820	$1,724	$2.10	Platinum	3330 Webb Chapel Ext, Dallas, TX 75220
Spanish Breeze	1974	2x2	876	$1,633	$1.86	Platinum	3619 Bolivar Dr, Dallas, TX 75220
The Waverly	1980	2x2	879	$1,385	$1.58	Platinum	2501 Webb Chapel Ext, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	2x2	912	$1,475	$1.62	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
Spanish Breeze	1974	2x2	918	$1,743	$1.90	Platinum	3619 Bolivar Dr, Dallas, TX 75220
Milo Apartments	1978	2x2	925	$1,445	$1.56	Platinum	9680 Timberline Dr, Dallas, TX 75220
Milo Apartments	1978	2x2	936	$1,490	$1.59	Platinum	9680 Timberline Dr, Dallas, TX 75220
Skye Isle	1982	2x2	941	$1,500	$1.59	Platinum	3353 Lombardy Ln, Dallas, TX 75220
Andora	1975	2x2	945	$1,712	$1.81	Platinum	305 Linda Dr, Dallas, TX 75220
Villas Del Zocalo Phase II	1981	2x2	965	$1,525	$1.58	Platinum	3333 Webb Chapel Ext, Dallas, TX 75220
The Waverly	1980	2x2	979	$1,580	$1.61	Platinum	2501 Webb Chapel Ext, Dallas, TX 75220
Maravilla Apartments	1967	2x2	1,000	$1,725	$1.73	Gold	2625 Community Dr, Dallas, TX 75220
Skye Isle	1982	2x2	1,042	$1,715	$1.65	Platinum	3353 Lombardy Ln, Dallas, TX 75220

Sales Comparables

Property	Year Built	# of Units	Avg. Unit Size	$/SF	Sale Price	$/Unit	Sale Date
Villas Del Zocalo Phase I	1985	206	595 SF	$146	$17,922,000	$87,000	11/28/2023
Bella Vista Creek	1987	272	684 SF	$114	$21,166,125	$77,817	4/23/2024
Maravilla Apartments	1967	310	800 SF	$135	$33,400,000	$107,742	12/15/2023
Averages	1979	263	693 SF	$132	$24,162,708	$90,853
Villas Del Zocalo Phase II	1981	192	555 SF	$136	$14,500,000	$75,521	11/12/2024

Financials

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Sources of Funds	Amount
Senior Loan	$10,875,000
LP Equity	$9,778,500
GP Equity⁽¹⁾⁽²⁾	$1,086,500
Total Sources of Funds	$21,740,000

Uses of Funds	Amount
Purchase Price	$14,500,000
Capital Improvements	$4,840,000
Closing Costs & Escrows⁽³⁾	$2,100,000
Operating Account Funding⁽⁴⁾⁽⁵⁾	$300,000
Total Uses of Funds	$21,740,000

(1) The Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.

(2) In the event of an oversubscription, the Sponsor may elect to reduce its co-invest to no less than 7.5% or $814,875 of cash equity from the Sponsor.

(3) Includes without limitation, due diligence, third-party reports, legal, broker fees, equity fees, debt fees, acquisition fees, title policy costs, insurance and tax escrows, and other expenses of this Offering. If such expenses exceed the estimate, they will be paid from working capital.

(4) Operating Account includes, without limitation, working capital, additional lender/preferred equity reserves, and issuer capital reserves.

(5) Includes fees paid to RM Securities, LLC and RM Technologies, LLC. For more information, please see the Fees and Disclosures sections.

You will pay certain fees and compensation over the life of the transaction; please refer to Ashland Greene's materials for details. The following fees and compensation will be paid⁽¹⁾⁽²⁾:

One-Time Fees:

Type of Fee	Amount of Fee	Received By	Paid From
Acquisition Fee	3.0% of Purchase Price	Sponsor	Capitalized Equity Contribution
Disposition Fee	1.0% of Sale Price	Sponsor	Sales Proceeds
Platform Fee	Flat One-Time Fee of $15,000	RM Securities, LLC	Capitalized Equity Contribution
Placement Fee⁽²⁾	4.00% of the Raised Amount up to $2 million, plus 3.50% of the Raised Amount in excess of $2 million.	RM Securities, LLC	Capitalized Equity Contribution

Recurring Fees:

Type of Fee	Amount of Fee	Received By	Paid From
Asset Management Fee	1.5% of Effective Gross Income	Sponsor	Cash Flow
Property Management Fee	3.0% of Effective Gross Income	Sponsor Affiliate	Cash Flow
Construction Management Fee	8.0% of CapEx Budget	Sponsor Affiliate	Construction Expenditure Budget
Administration Solution Licensing Fee⁽²⁾	1.00% per annum of the aggregate capital contributions of the RM platform investor for whom RM Technologies provides the Administration Solution.	RM Securities, LLC	Cash Flow / Capitalized Equity Contribution

(1) Fees may be deferred to reduce impact to investor distributions.
(2) For more information on the fees paid to RM Securities and its affiliates or any other fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

Sources & Uses

Sources of Funds	Amount
Senior Loan	$10,875,000
LP Equity	$9,778,500
GP Equity⁽¹⁾⁽²⁾	$1,086,500
Total Sources of Funds	$21,740,000

Uses of Funds	Amount
Purchase Price	$14,500,000
Capital Improvements	$4,840,000
Closing Costs & Escrows⁽³⁾	$2,100,000
Operating Account Funding⁽⁴⁾⁽⁵⁾	$300,000
Total Uses of Funds	$21,740,000

(1) The Sponsor’s equity contribution may consist of friends and family equity and equity from funds controlled by the Sponsor.

(2) In the event of an oversubscription, the Sponsor may elect to reduce its co-invest to no less than 7.5% or $814,875 of cash equity from the Sponsor.

(4) Operating Account includes, without limitation, working capital, additional lender/preferred equity reserves, and issuer capital reserves.

(5) Includes fees paid to RM Securities, LLC and RM Technologies, LLC. For more information, please see the Fees and Disclosures sections.

Debt Assumptions

The expected terms of the debt financing

Senior Loan

Lender: Freddie Mac
Loan Type: Agency
Loan Amount: $10,875,000
Loan Term: 5 Years
Amortization: 30 Years
Interest Type: Fixed
Interest Rate: 4.95%
Interest-Only Period: 2 Years
Loan-to-Value (LTV): 75.0%
Loan-to-Cost (LTC): 50.5%

(1) A substantial portion of the total acquisition for the Property will be paid with borrowed funds, i.e., debt. Please carefully review the Disclosures section below for additional information concerning the Sponsor's use of debt.

Distributions

Ashland Greene intends to make distributions from AG24 RE III, LLC as follows:

Distributions from Operation

Pari-passu all cash flow available for distribution to the Equity Investors⁽¹⁾ until the Equity Investors⁽¹⁾ receive a Preferred Return of 16.0% (Non-compounding, cumulative preferred return per annum);
60% / 40% (60% to Equity Investors⁽¹⁾ / 40% to Promoted/Carried Interest) of all cash flow available for distribution thereafter.

Capital Event Distribution

Pari-passu all cash flow available for distribution to the Equity Investors⁽¹⁾ until the Equity Investors⁽¹⁾ receive a Preferred Return of 16.0% (Non-compounding, cumulative preferred return per annum);
Pari-passu all cash flow available for distribution to the Equity Investors⁽¹⁾ until the Equity Investors⁽¹⁾ have received a return of their respective unrecovered capital contributions in full;
60% / 40% (60% to Equity Investors⁽¹⁾ / 40% to Promoted/Carried Interest) of all cash flow available for distribution thereafter.

Ashland Greene intends to make distributions to investors after the payment of the company's liabilities (loan payments, operating expenses, and other fees as more specifically set forth in the LLC agreements, in addition to any member loans or returns due on member loan).

Distributions are expected to start in March 2025 and are projected to continue on a quarterly basis thereafter. Distributions are at the discretion of Ashland Greene, who may decide to delay distributions for any reason, including maintenance or capital reserves.

Ashland Greene will receive a promoted/carried interest as indicated above

(1) Equity Investors include all members part of the Limited Partnership and General Partnership, including the Sponsorship Group.

Fees

You will pay certain fees and compensation over the life of the transaction; please refer to Ashland Greene's materials for details. The following fees and compensation will be paid⁽¹⁾⁽²⁾:

One-Time Fees:

Type of Fee	Amount of Fee	Received By	Paid From
Acquisition Fee	3.0% of Purchase Price	Sponsor	Capitalized Equity Contribution
Disposition Fee	1.0% of Sale Price	Sponsor	Sales Proceeds
Platform Fee	Flat One-Time Fee of $15,000	RM Securities, LLC	Capitalized Equity Contribution
Placement Fee⁽²⁾	4.00% of the Raised Amount up to $2 million, plus 3.50% of the Raised Amount in excess of $2 million.	RM Securities, LLC	Capitalized Equity Contribution

Recurring Fees:

Type of Fee	Amount of Fee	Received By	Paid From
Asset Management Fee	1.5% of Effective Gross Income	Sponsor	Cash Flow
Property Management Fee	3.0% of Effective Gross Income	Sponsor Affiliate	Cash Flow
Construction Management Fee	8.0% of CapEx Budget	Sponsor Affiliate	Construction Expenditure Budget
Administration Solution Licensing Fee⁽²⁾	1.00% per annum of the aggregate capital contributions of the RM platform investor for whom RM Technologies provides the Administration Solution.	RM Securities, LLC	Cash Flow / Capitalized Equity Contribution

Disclosures

RM Securities, LLC and its Affiliates Compensation

RM Securities, LLC, its registered representatives, affiliates, associated persons, and personnel of its affiliates who may also be associated with it, including our associated persons and personnel of our affiliates who are also be associated with RM Securities, LLC (it (“RM Securities,” “we,” “our,” or “us”) will receive fees, expense reimbursements, and other compensation (“Fees”) from the issuer of this investment offering, its sponsor, or an affiliate thereof (“Sponsor”), or otherwise in connection with Sponsor’s offering. The Fees paid to us are in addition to other fees you will pay to Sponsor or in connection with Sponsor’s investment offering. You will pay Fees to Sponsor, either directly or indirectly as an investor in the Sponsor’s offering. Sponsor will use the Fees you pay, as well as funds you invest in the relevant offering, to compensate us. The Fees paid to us will directly or indirectly be borne by you as the investor (typically, but not always, in the form of an expense of the Sponsor’s offering in which you invest) because such Fees will reduce the proceeds available for distribution to you and reduce the amount you earn over time.

For more information on the Fees paid to us, or any other Fees you will pay in connection with Sponsor’s offering, please carefully review the Sponsor’s Investment Documents. Please also carefully review RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.

No Approval, Opinion or Representation, or Warranty by RM Securities, LLC

Sponsor has provided, approved, and is solely responsible in all aspects for the information on this webpage (“Page”), including Sponsor’s offering documentation, which may include without limitation the Private Placement Memorandum, Operating or Limited Partnership Agreement, Subscription Agreement, the Project Summary and all exhibits and other documents attached thereto or referenced therein (collectively, the “Investment Documents”). The Investment Documents linked on this page have been prepared and posted by Sponsor, and not by RM Securities. We did not assist in preparing, do not adopt or endorse, and we are not otherwise responsible for, the Sponsor’s Investment Documents. We make no representations or warranties as to the accuracy of information on this Page or in the Sponsor’s Investment Documents and we accept no liability therefor. No part of the information on this Page or in the Sponsor’s Investment Documents is intended to be binding on us.

Sponsor’s Information Qualified by Investment Documents

The information on this Page is qualified in its entirety by reference to the more complete information about the offering contained in the Sponsor’s Investment Documents. The information on this Page is not complete and subject to change at the Sponsor’s discretion at any time up to the closing date. The Sponsor’s Investment Documents and supplements thereto contain important information about the Sponsor’s offering including relevant investment objectives, the business plan, risks, charges, expenses, and other information, which you should consider carefully before investing. The information on this Page should not be used as a basis for an investor’s decision to invest.

Risk of Investment

This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor’s assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor’s business plans (“Assumptions”) will be true or that actual performance will bear any relation to Sponsor’s Assumptions, and no guarantee or representation is made that Sponsor’s Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor’s Assumptions should not be relied upon as the primary basis for your decision to invest.

No Reliance on Forward-Looking Statements; Sponsor Assumptions

Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor’s Investment Documents, which you should carefully review. Neither RM Securities nor Sponsor are obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor’s forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor’s investment objectives, detailing Sponsor’s anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor’s forward-looking statements as a basis to invest.

Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor’s Assumptions or forward-looking statements.

No Reliance on Past Performance

Any description of past performance is not a reliable indicator of future performance and should not be relied upon as the primary basis to invest.

Sponsor’s Use of Debt

A substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.

Sponsor’s Offering is Not Registered

Sponsor’s securities offering will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act (“Private Placement”). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for “Accredited Investors,” as that term is defined in Rule 501(a) under the Securities Act.

No Investment Advice

Nothing on this Page should be regarded as investment advice (either with respect to a particular security or regarding an overall investment strategy), a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised to understand and assess the risks associated with real estate or private placement investments. For additional information on RM Securities’ involvement in this offering, please carefully review the Sponsor’s Investment Documents, and RM Securities’ Form CRS, Regulation Best Interest Disclosures, and Limited Brokerage Services Agreement.